SGX-listed CapitaLand to grow new economy assets in China to $3.7b

SGX-listed CapitaLand to grow new economy assets in China to $3.7b

Photo: Reuters

SGX-listed real estate conglomerate CapitaLand plans to redeploy part of the capital from asset recycling to grow new economy assets in China to S$5 billion ($3.7 billion) over the next few years, from the current S$1.5 billion ($1.1 billion), according to an announcement.

This capital will be redeployed to business parks, logistics and data centres, where tenants typically hail from new economy sectors that enjoy robust fundamentals and a supportive regulatory environment.

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